Reuters - Kohlberg Kravis Roberts & Co is in talks to buy Singapore-listed abalone farmer Oceanus Group Ltd in a deal that may be worth around $500 million, three sources with direct knowledge of the matter told Reuters.
Private equity firm KKR has lined up financing of $300-400 million from a group of banks, according to one of the sources.
KKR and Oceanus declined to comment. (Reporting by Charmian Kok and Stephen Aldred; Editing by Denny Thomas and Muralikumar Anantharaman)
The above is the news and my take is:
Oceanus have outstanding shares of 1.98 Billion shares, so based upon US$500 Million take over price, that works out to be US25 cents per share, exchange rate of 1.25, 31.25 sing cents will be the theoritical takeover bid.
